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“# Coinbase’s Bitcoin reserves drop to the lowest level since December 2017 ” Bitcoin (BTC) revisited weekly lows on Sep. 1 as the new month got underway with a fizzle rather than a bang. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin lingers in “price stability” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting…
“# Cream Finance to repay stolen Ether and Amp via protocol fees ” Decentralized finance (DeFi) protocol Cream Finance will pay back its users following a $18.8 million flash loan hack that occurred on Aug. 30. Cream has published a post-mortem to the AMP flash loan exploit, promising to replace the stolen Ether (ETH) and…
“# Offchain Labs launches Arbitrum One mainnet, secures $120M in funding ” Offchain Labs, the team behind the highly anticipated Ethereum layer two platform, Arbitrum One, has completed the public mainnet launch of its optimistic rollups solution. Announced on Aug. 31, Offchain Labs also revealed that it has secured $120 million in a Series B…
“# Surge in activity and token prices show ‘DeFi Summer 2.0’ already started ” After a blistering start to 2021 saw token valuations and trading volumes surge to ignite the current bull market, the DeFi sector as a whole took a break while the NFT sector stepped into the limelight. While investors’ attention was elsewhere,…
“# Former US president calls crypto a ‘disaster waiting to happen’ ” In an interview with Fox Business released today, former U.S. President Donald Trump was questioned about his views on the health of the Wall Street markets, the current administration’s progress, as well as the potential of Bitcoin and the cryptocurrency market. In response…
“# Anthony Scaramucci: $100K per BTC by year-end is still within reach ” Anthony Scaramucci, CEO and founder of SkyBridge Capital, thinks Bitcoin (BTC) can reach $100,000 before the end of the year, mainly due to the exponential growth in demand every month. “The bottom line is you have the limited and fixed supply of…
“# Ethereum price poised for 40% rally vs. Bitcoin after breaking out of four-month range ” Ethereum’s native token, Ether (ETH), has the prospect of logging a 40% price rally against its top rival, Bitcoin (BTC), per a classic technical pattern. Dubbed a “symmetrical triangle,” the structure develops after the price forms a series of…
“# BitPay wallet integrates 1inch Network DEX aggregator ” 1inch Network, a major decentralized exchange (DEX) aggregator and automated market maker, is broadening its reach by partnering with the veteran crypto wallet provider BitPay. The two companies announced today that 1inch’s DEX aggregation functionality will from now on be available for all users of the…
“# ‘Remarkable’ on-chain metrics could spell Bitcoin, Ethereum bull market return — New report ” Bitcoin (BTC) and Ether (ETH) have started showing “remarkable” bullish divergences that echo the start of bullish price trends. That’s according to the latest data collected by on-chain analytics firm Glassnode this week. BTC, ETH data mimics “mid to late…
“# Institutions remain bullish on Cardano and Ether while BTC outflows persist ” Institutional inflows to altcoin investment products have continued to increase this past week, but the same cannot be said for Bitcoin. In its Digital Asset Fund Flows Weekly report on Aug. 30, institutional asset manager CoinShares identified overall inflows of $24 million…